Drawee Bank definition

Drawee Bank means the financial institution where a Customer maintains a checking account on which a Paper Check that serves as the source document to generate an Item at the POS Device or payment for a Transaction is drawn.
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Drawee Bank. , in relation to a cheque, means the bank upon which the cheque is drawn;
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Examples of Drawee Bank in a sentence

  • The buyer will be accordingly required to deposit the Demand Draft /Banker‟s cheque along with the debit advice issued by the Drawee Bank to the tune of coal value for rake / rakes load to be offered/ indented as per the notice within 48 hours of such notice.

  • Cheques credited to Customer Accounts are accepted for collection only, and proceeds will not be available for withdrawal until cleared by the Drawee Bank.

  • The buyer will be accordingly required to deposit the Demand Draft /Banker’s cheque along with the debit advice issued by the Drawee Bank to the tune of coal value for rake / rakes load to be offered/indented as per the notice within 48 hours of such notice.

  • The buyer will be accordingly required to deposit thE amount by way of NEFT / RTGS along with the debit advice issued by the Drawee Bank to the tune of coal value for rake / rakes load to be offered/indented as per the notice within 48 hours of such notice.

  • We may also debit your accounts or recover from you any costs levied by the Drawee Bank together with our standard service fees and charges.

  • Coefficients from pooled OLS regressions of annual CDS rates on firm and CEO characteristics for 608 firms during the time period 2001-2006.

  • You agree that the dishonour time frames differ and depend on the rules of the country in which a foreign cheque or draft is drawn and in some cases a Drawee Bank can dishonour the instruments many months after the foreign cheque was deposited by you.

  • Where we have to exercise recourse, we may debit your account or any of your accounts held with us to recover from you any costs levied by the Drawee Bank together with our fees.

  • Name of the Drawee bank : : X Name of the Drawee Bank Branch : MICR Sort Code (9 digit) Date of Cheques : of each month commencing from Cheque Numbers : Sr From To No. of cheques Amount of Cheque I/We agree that the Post dated cheques/Security cheques are given towards Personal Power loan repayment/installments of the debt due and payable by me/us to the Bank in terms of the Personal Power Loan Agreement dated .

  • We reserve the right but not the obligation to represent on your behalf any foreign cheque or draft which is unpaid on presentation to the Drawee Bank, but such representation does not affect our right to exercise recourse at a later date.

Related to Drawee Bank

  • Bank has the meaning specified in the preamble to this Trust Agreement.

  • Drawee means a person ordered in a draft to make payment.

  • Approved Bank has the meaning assigned to such term in the definition of the term “Permitted Investments.”

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • LC Bank has the meaning set forth in the preamble to this Agreement.

  • Eligible Financial Institution means, as of the date of any assignment as contemplated in Section 8.07(a)(i), a commercial bank or financial institution (i) with a credit rating on its long-term senior unsecured debt of either (a) “AA-” or better from S&P or (b) “Aa3” or better from Xxxxx’x; and (ii) having shareholders' equity of not less than $5,000,000,000.

  • Bank of America Fee Letter means the Fee Letter dated August 19, 2016 among the Borrower, Bank of America and Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated.

  • credit institution means a credit institution as defined in point (1) of Article 4(1) of Regulation (EU) No 575/2013;

  • Canadian financial institution means (i) an association governed by the Cooperative Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of that Act, or (ii) a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada;

  • HSBC means HSBC Auto Finance, Inc., HSBC Auto Credit Inc., HSBC Auto Accounts Inc. and certain affiliates of such entities.

  • The Bank means the State Bank of India (including domestic branches and foreign offices), Subsidiaries and Joint Ventures, where the Bank has ownership of more than 50% of voting securities or the power to direct the management and policies of such Subsidiaries and Joint Ventures:< Strike of whichever is inapplicable.>

  • Supporting Letter of Credit has the meaning specified in Section 1.3(g).

  • Financial institution means a Custodial Institution, a Depository Institution, an Investment Entity, or a Specified Insurance Company.

  • Participating Financial Institution means a Financial Institution that has been approved by the Authority to enroll Qualified Loans in the Program and has agreed to all terms and conditions set forth in the Law and this Article and as may be required by any applicable federal law providing matching funding.

  • board and lodging accommodation means accommodation provided to a person or, if he is a member of a family, to him or any other member of his family, for a charge which is inclusive of the provision of that accommodation and at least some cooked or prepared meals which both are cooked or prepared (by a person other than the person to whom the accommodation is provided or a member of his family) and are consumed in that accommodation or associated premises;